BOOOM - 'The wheels are coming off the whole of southern Europe. Europe’s debt-crisis strategy is near collapse'

BOOOM - 'The wheels are coming off the whole of southern Europe. Europe’s debt-crisis strategy is near collapse'

@L0gg0l: BOOOM - 'The wheels are coming off the whole of southern Europe. Europe’s debt-crisis strategy is near collapse' [link to t.co]

Europe’s debt-crisis strategy is near collapse. The long-awaited recovery has failed to take wing. Debt ratios across southern Europe are rising at an accelerating pace. Political consent for extreme austerity is breaking down in almost every EMU crisis state. And now the US Federal Reserve has inflicted a full-blown credit shock for good measure.